In a report issued on September 16, Stephen Walker from RBC Capital reiterated a Buy rating on Goldcorp (NYSE: GG), with a price target of $16. The company’s shares closed yesterday at $10.62, close to its 52-week low of $9.89.
According to TipRanks.com, Walker is a 4-star analyst with an average return of 8.1% and a 47.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Centerra Gold Inc, Agnico Eagle, and Barrick Gold.
Goldcorp has an analyst consensus of Moderate Buy, with a price target consensus of $16.75.
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Based on Goldcorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $131 million. In comparison, last year the company earned revenue of $822 million and had a net profit of $135 million.
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Goldcorp, Inc. engages in the exploration of gold and minerals. It operates through the following segments: Eleonore, Musselwhite, Porcupine, Red Lake, Peñasquito, Cerro Negro, Pueblo Viejo, Other Mines, and Other. The company was founded by Robert Ross McEwen in 1986 and is headquartered in Vancouver, Canada.
